Kolkata, Aug 2 State Bank of India (SBI), thecountry’s biggest lender, has shortlisted three foreign partners for its proposed foray in the general insurance venture, chairman and managing director OP Bhatt said on Thursday, Bhatt told reporter on the sidelines of the Banking Conclave here there was a possibility that the general insurance company would be formed in the current fiscal. He said SBI would form a holding company for SBI Life and SBI Mutual Fund shortly. Strategic investors might also be given a part of the stake in the holding company.
Source: THE FINANCIAL EXPRESS
Thursday, August 9, 2007
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